recognize this, develop plans and successfully execute them to remain relevant in today’s economy. This paper will provide an overview of Discount Tire Co. and diagnose the strength, weaknesses, opportunities and threats and present a plan using Kotter’s eight-step change process and
Understanding Supply Chain Management Do you need new tires? Discount Tire is the place for you. The Discount Tire CO was founded in Ant Arbor, Michigan 1960 by Bruce T. Halle and is known for one of the largest wheel retailers today. Most people who come in are concerned with the current condition of the tires on their vehicle. Discount Tire Company provides services like air checks, tire repairs and new tire and wheel purchases. They are a company that has a target customer base of anyone that owns
Summary of Case Analysis: Goodyear Tire and Rubber Company 1. INTRODUCTION GOODYEAR TIRE AND RUBBER COMPANY Goodyear Tire and Rubber Company, was founded in 1898 and was the world tire production leader until November 1990 when Groupe Michelin took over after merging with Uniroyal Goodrich Tire Company. Goodyear¡¦s principal business is the development, manufacture, distribution, and sale of tires throughout the world. Its tires and tube sales represent 83 % of 1991 corporate
Goodyear, around the late 1980s was developing a tire that would set them apart from the competition. Unfortunately they were stuck in a time when replacing tires was not high on peoples list of pleasantries, which will be explained in greater detail. Goodyear developed what they called the Aquatred tire which was supposed to give greater traction during wet weather and a superior quality that would have the same traction after much use as some tires did when they were brand new. However, they faced
Throughout the years Goodyear has been distributing its tires only through the company-owned Goodyear Auto Service Centers and franchised Goodyear Tire dealers. The decision of Goodyear Company to broaden its distribution to Sears Auto Centers will have several advantages and disadvantages related to this action. Advantages: 1) Increase in sales in the short term, which will create an increase of market share in the long term. Goodyear’s sales are declined because of multi-branding among mass merchandisers
Goodyear Case In 1992, the Goodyear Tire and Rubber Company decided to reconsider the offer from Sears to sell Goodyear's Eagle brand tires. The reasons that Goodyear was contemplating this offer was that Sears was replacing worn out Goodyear tires at a large amount every year. The tires were not being replaced with Goodyear tires because the customers at Sears wanted to replace their tires with the best possible tires that Sears offered, and the Goodyear tires were not in the offering. The company's
Executive Summary Company Overview Goodyear tires have been around since 1898. They originated in Akron, Ohio. They not only manufacture vehicles tires, but it manufactures racing, trucking and aircraft fleet tires. They are a publicly traded company. Over the last 60 years they have managed to become multinational. They are in the Asia Pacific, Europe, Middle East and Africa, and Latin America. They also have a subsidiary in Mexico. Goodyear received the highest significant honor, they were
leader in U.S. passenger tire market with 15% market share, the company still had to be very careful in all things done because the competition was so intense. There were so many players in the industry, both branded and private label. Although, each of them had less than 10% of market share, the second in rank, Michelin, was growing very fast in both replacement and OEM market. Also, the private label had become the biggest threat for all branded tires since many branded tire owners intended to replace
most recognized brands in the tire industry around the world. They are known for having a superior quality product through the price and positions they have chosen. Their slogan, “The best tires in the world have Goodyear written all over them,” (Kerin, 2005) provides their customers with a high class message and creates an importance for them to preserve the accessibility of their high value brands. Unfortunately, consumers have become more price conscious about their tire purchases and less focused
Analysis Assume you are a savvy financial analyst researching companies in which to invest. Select a U.S. publically-traded company you think might be a good investment and perform a financial analysis. FIN 534: Financial Management - Quarter (Winter 2013) Professor: March 12, 2013 Goodyear Financial Analysis Company Overview The Goodyear Tire & Rubber Company a leading manufacturer of tires is one of the best in the world and one of the most recognizable